Iraqi News Wednesday PM 10-6-21

Iraqi News Wednesday PM 10-6-21

TLM724 Administrator BondLady’s Corner

Iraq Maintains Its 39th Largest Gold Reserve In The World

Economie| 09:53 - 06/10/2021  Follow-up - Mawazine News  The World Gold Council announced, on Wednesday, that Iraq maintained its 39th position globally and fifth in the Arab world for the third month in a row as the largest gold reserve in the world.

The council said in its latest schedule for the month of October 2021, which was reviewed by Mawazine News, that "Iraq maintained its position of 39 globally for the third consecutive month out of the 100 countries listed in the table with the largest gold reserves, bringing its gold holdings to 96.3 tons, which represents 9.3% out of his other precautions.

He added, "Iraq maintained its fifth rank in the Arab world after Saudi Arabia, Libya, Algeria and Lebanon," noting that "Iraq has not bought gold since September of the year 2020, when it bought a small amount of 0.1 tons, while it bought 6.5 tons in September 2018, while it Using 0.1 tons of these reserves for internal purposes."

The council indicated that "the central banks of the countries bought 30 tons of gold, adding India (12.9 tons), Uzbekistan (8.7 tons), Kazakhstan (5.3 tons) and Turkey (2.8 tons) to their gold reserves, while the total sales amounted to less than two tons, as Qatar recorded the largest decrease in gold reserves by 0.9 tons. Ended 29/A 4    https://www.mawazin.net/Details.aspx?jimare=170050

Today... Parliament And The Government Have Been Dissolved Into A "Caretaker"

Thursday 07 October 2021  132 Baghdad: Omar Abdul Latif  Governorates: Jinan Al-Asadi  And Saad Hassan  Starting today, Thursday, the government turned into a caretaker government and Parliament dissolved itself and removed all its members from parliamentary immunity, while the Independent High Electoral Commission recovered all the biometric voter cards that had not been received to the National Office, indicating that they would be distributed among their owners after the end of the electoral process.

The assistant media spokesperson for the commission, Nibras Abu Souda, told Al-Sabah: "The registration centers have started to pack all the undelivered biometric cards and send them to the election offices in the governorates and then to the National Office," noting that "there are no statistics for these cards so far." .

She added that "there is a decision by the Board of Commissioners to return these cards to the national office before the polling day with records of receipt and delivery, and they cannot be outside the control of the national office before or during the polling day."

She indicated that "these cards are long-term and there is no date for their expiration date, and therefore it is possible to distribute them at any time," expecting that "these cards will be redistributed after the end of the electoral process and the reopening of registration centers."

For his part, Director of the Duhok Elections Office Khaled Abbas said in a press conference: "The logistical materials of devices and equipment necessary for the elections, voting papers and voter records were sent to polling stations within the borders of Duhok Governorate." He added that "the governorate of Dohuk recorded the highest percentage in Iraq in the matter of distributing biometric cards, which reached 95%," and explained that "38 of the centers for private polling are ready for the election day on the eighth of the month." Present".

Regarding the number of observers and media, the director of the Dohuk office of the commission announced that "5139 agents of political parties and candidates are registered with the Dohuk office to monitor the progress of the electoral process, and more than 600 observers have been registered in the National Office in Baghdad."

Regarding the general voting day’s instructions, Abbas said: “The directives emphasize the prohibition of bringing mobiles into voting centers, and the wearing of masks will be imposed by voters when they vote on election day,” noting that “media campaigns will stop at six in the morning next Saturday.” ".

In the meantime, legal expert Tariq Harb said: "Given the parliament's decision to dissolve itself on the seventh of October, therefore, the parliament will be dissolved at the end of official working hours (today Sunday), and its members will lose the status of a member of the House of Representatives and turn into Ordinary citizens without allotments, privileges, or immunity guaranteed to them by law.

He added, "Dissolving the House of Representatives and transforming the government into a daily caretaker government does not require a new decision, a republican decree, a judicial or executive measure, but rather it is a foregone conclusion and a duty implementation of the previous parliament's decision," noting that "the government since (today Sunday) should Conducting business for essential daily matters only which cannot be postponed without making any decisions.”

On the other hand, the Ministry of Electricity stated in a statement that it "has completed its full preparatory preparations for the success of the parliamentary elections, which include ensuring that all electoral centers, numbering more than 6000, are equipped with electric power in high coordination with the Electoral Commission."

And she indicated that "the central directives were issued to the owners of the concerned public companies within the responsibility sector, which included announcing the general mobilization of all general managers and their assistants and working staff and their presence in work centers around the clock for the days 10-8/10," noting "the completion of all periodic maintenance work and immediate maintenance insurance." For emergency cases, and the presence of maintenance teams within residential areas and near polling stations to deal with emergency cases, and to provide all necessary requirements to sustain the work of production units of fuel and necessary maintenance equipment.

The spokesman for the Joint Operations Command, Major General Tahsin Al-Khafaji, announced the readiness of the armed forces to secure the elections and protect international observers.

In Maysan, the technical assistant of the office of the provincial elections commission, Mustafa Ali Shamkhi, confirmed to "Al-Sabah" that "all preparations for the public and private polling days have been completed, as all the (230) public polling stations have been prepared, as well as the number of private voting centers ( 15) A polling station, IDP voting stations, and prison voting stations.

In Babel, the Director of the Elections Office Kifah Al-Amiri told Al-Sabah: "With the approaching zero hour for conducting the special voting process, which will start tomorrow, Friday, at seven in the morning and end at six in the evening, the office has completed all the logistical procedures and the electoral centers, numbering about 21, have been prepared. An electoral center with electoral materials. He indicated that 90% of the biometric cards were handed over to the voters.  LINK

Dollar Exchange Rates In Local Markets Today

Market  Economy News _ Baghdad  The exchange rates of the dollar stabilized, today, Wednesday, in the local markets.  And the selling prices of the dollar were recorded at 148,500 dinars per 100 dollars, while the purchase prices of the dollar were recorded at 147,500 dinars per 100 dollars.

And the Central Bank of Iraq decided earlier to adjust the exchange rate of the dollar against the Iraqi dinar, as the purchase price of the dollar from the Ministry of Finance amounted to 1450 dinars, and the price of selling it to banks was set at 1460 dinars per dollar, while the selling price to the citizen is 1470 dinars per dollar.

Views 390 Date added 10/06/2021    https://economy-news.net/content.php?id=26529

The Central Bank's Dollar Sales Are Rising Again

Economie| 02:29 - 06/10/2021   Baghdad - Mawazine News, the Central Bank of Iraq's sales of hard currency rose again, on Wednesday, to record more than 200 million dollars.

Today, the Central Bank’s auction for buying and selling foreign currencies witnessed a 30% increase in sales over yesterday’s sales, reaching 208 million, and 818,800 US dollars covered by the bank at a base exchange rate of 1460 dinars per dollar.

The purchases amounting to 164 million and 298 thousand and 800 dollars went to enhance balances abroad in the form of remittances and credits, while the remaining amount of 44 million and 520 thousand dollars went in cash.

In addition, 34 banks met requests to enhance balances abroad, 10 banks to meet cash requests, in addition to the participation of 4 exchange companies, and 201 mediation companies. Ended

https://www.mawazin.net/Details.aspx?jimare=170100

Planning Reveals The Size Of Cumulative Inflation In Iraq: Natural And Not Unbridled

Money  and business  Economy News _ Baghdad  The Ministry of Planning revealed, on Wednesday, the size of the cumulative inflation in Iraq and its causes, considering that it is normal and not unbridled.

The official spokesman for the ministry, Abdul-Zahra Al-Hindawi, said in a press interview, "The inflation index rose in Iraq after changing the exchange rate of the dinar against the dollar last November, by 4 percent on a monthly basis."

Al-Hindawi added that "inflation indicators continued to rise after that, but the rise was small and did not exceed 1%, bringing the cumulative rate for the month of August to 8% compared to the same month last year."

Al-Hindawi stressed that "the rise in inflation in Iraq according to these data is natural and not unbridled," adding that "inflation in all economies of the world is currently on the rise."

He pointed out that "the rise in inflation stems from the decline in local currency prices, the volume of investments and the development data in the country. A country that has large investments has high inflation indicators because it has a movement of development and investment."

He added that "inflation is sometimes unruly and is a danger to the economy and leads to recession and economic deterioration if the currency is deteriorating, as happened in Lebanon recently."

It is noteworthy that the inflation index in Iraq rose significantly at the end of last year as a result of the devaluation of the Iraqi currency against the dollar, which led to a rise in the prices of goods and services.

Views 388   Date Added 10/06/2021   https://economy-news.net/content.php?id=26532

An Economic Specialist To / Nina /: The Government Should Invest Crises In Economic Solutions And Eliminate Unemployment

Wednesday 06 October 2021 10:21 | Economic Number of readings: 392   Baghdad / NINA / - The specialist in crisis management, Ali Jabbar Al-Fariji, called on the government to invest in crises for economic solutions and to eliminate unemployment.

Al-Fraiji said in a statement to the National Iraqi News Agency / NINA / that "unemployment in Iraq is a catastrophe, exacerbated by the state's administrations and institutions in how to deal with the forces looking for work, and the state job has become the target that (the young man and woman) who are looking for work are struggling with."

He added, "In light of the economic crisis and facing the Covid-19 crisis, it will be possible for the government to invest this crisis in how to revive the private labor market and invest the workforce looking for work."

He pointed out that "the local market need investment program targets many industries, businesses and materials consumed by the local market in Iraq during the period of economic crisis / crisis facing Covid 19 - and compensated by programs to employ the energies looking for work (unemployment from graduates and others) in creating industries and businesses And others. And he indicated

that "these programs depend on feasibility studies (prepared in advance) and the readings of the local market need and the process of compensating for the shortage, with a scheduling of work supporting major industries as well as projects established in the country with its various specializations, in addition to productive agricultural industries./ End 8    https://ninanews.com/Website/News/Details?key=931118

 

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